14,311.19 TRY BIST 100 BIST 100
52.67 EUR EUR EUR
45.05 USD USD USD
6.63 CNY CNY CNY
0.13 CNY CNY/EUR CNY/EUR
700.00 TRY Interest Interest
123.44 USD Fossil Oil Fossil Oil
5.94 USD Copper Copper
104.98 USD Silver Silver
107.86 USD Iron Ore Iron Ore
378.00 USD Shipbreaking Scrap Shipbreaking Scrap
6,633.14 TRY Gold (gr) Gold (gr)
107.00 USD Iron Ore 61% Fe Iron Ore 61% Fe

New initiative from Minerals Development Oman

Oman based company Minerals Development Oman, an ore processing and mining company, announced that it is working on a number of projects related to its mineral development initiative, which is planned to be operational in the upcoming period.

New initiative from Minerals Development Oman

Minerals Development Oman, an ore processing and mining company based in Oman, is planning to focus on the production of copper ore, chromite, magnesium ore, soft silica, gypsum, limestone and dolomite. Minerals Development Oman (MDO) reported that it is working on a few projects related to its minerals development initiative, which is planned to be operational in the coming years.

It intends to continue its work with Oman Mining Company (OMCO), a subsidiary of MDO. According to MDO, the copper smelter in Oman will be utilized to support the production of ferrosilicon. OMCO is reportedly aiming to improve its commercial performance and is expected to invest in concentrator and refinery facilities capable of producing 20,000 metric tons of copper.

The commercialization of 100,000 metric tons of chromite ore at Fanja and Al Raki, which was reported in the annual feasibility study report last year, is underway with MDO's decision. Oman Mining Company will be involved in this project to extract ore from the Fanja and Al Raki fields.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

IEEFA: Could the Middle East conflict help Australia catch up in the green iron race?

Thursday, April 30, 2026

Baosteel reports 8.6% profit decline in Q1 amid rising costs and weak demand

Thursday, April 30, 2026

Türkiye’s iron and steel import value reached $5.38 billion in the January–March period

Thursday, April 30, 2026

POSCO partners with Electra for low-carbon iron production

Wednesday, April 29, 2026

Steel Net Forum Iberia brought the steel industry together in Santander

Thursday, April 30, 2026
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now